september reading: The latest survey handily beat market expectations for a reading of 18, according to The Japan Times. The report is the broadest indicator of how Japan Inc. is faring, marks the difference between the percentage of firms that are upbeat and those that see conditions as unfavorable. The report comes after a batch of broadly positive economic data on Friday, including better-than-expected factory output, that offered up some good news for Prime Minister Shinzo Abe as he faces a national election on Oct. 22. ; The Bank of Japan's tankan a closely watched quarterly survey of more than 10,000 companies showed a reading of 22 among major manufacturers in its latest report, the highest since its September 2007 reading, when the headline figure sat at 23. The mood among major manufacturers, which plan to boost their capital spending, has now risen for a fourth straight quarter. The upbeat survey underscores how the nation's economic prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also giving the economy a shot in the arm. The index for nonmanufacturers came in at 23, unchanged from the previous tankan, and sitting at its highest level since the final quarter of 2015.
(news.financializer.com). As
reported in the news.
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